Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) Trading Down 6.6% – Here’s Why

Amplify Seymour Cannabis ETF (NYSEARCA:CNBS)’s share price traded down 6.6% during trading on Friday . The stock traded as low as $16.89 and last traded at $16.89. 396,287 shares traded hands during mid-day trading, an increase of 1,834% from the average session volume of 20,486 shares. The stock had previously closed at $18.08.

Amplify Seymour Cannabis ETF Stock Performance

The firm has a market cap of $67.39 million, a PE ratio of 17.73 and a beta of 1.43. The firm has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $226.04.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. OLD Mission Capital LLC lifted its position in shares of Amplify Seymour Cannabis ETF by 170.8% during the fourth quarter. OLD Mission Capital LLC now owns 403,742 shares of the company’s stock worth $828,000 after purchasing an additional 254,632 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in Amplify Seymour Cannabis ETF by 5.9% during the 4th quarter. Gateway Wealth Partners LLC now owns 133,974 shares of the company’s stock valued at $275,000 after buying an additional 7,452 shares in the last quarter. Finally, Magnus Financial Group LLC boosted its position in Amplify Seymour Cannabis ETF by 238.0% in the 4th quarter. Magnus Financial Group LLC now owns 87,676 shares of the company’s stock valued at $180,000 after buying an additional 61,738 shares during the period.

Amplify Seymour Cannabis ETF Company Profile

The Amplify Growth Opportunities ETF (CNBS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global stocks related to cannabis and hemp. The fund also invests in derivatives with similar characteristics. CNBS was launched on Jul 23, 2019 and is managed by Amplify.